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SK Innovation mulls share buyback to boost shareholder value

By Kim Seung-yeon SEOUL, March 30 (Yonhap) -- SK Innovation Co. said Thursday it is considering buying back its own stocks around the time when its battery-making subsidiary SK On Co. will go public in a bid to boost shareholders' returns. SK Inn
Banks' average capital adequacy ratio rises in Q4

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SEOUL, March 30 (Yonhap) -- South Korean banks saw their financial health improve on-year in the fourth quarter of last year from three months earlier due to a decrease in risk-weighted assets, data showed Thursday.According to the data from the Fina
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BOK's 2022 net dips on losses from securities trading

SEOUL, March 30 (Yonhap) -- South Korea's central bank Thursday reported a sharp drop in its net profit for last year due in part to increased losses from trading of securities.The Bank of Korea (BOK) logged 2.55 trillion won (US$1.95 billion) in
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Profit from rice farming tumbles nearly 40 percent on increased costs

SEOUL, March 30 (Yonhap) -- Rice production costs in South Korea rose 9.3 percent on-year in 2022 due mainly to soaring prices of fertilizers, causing net profit from rice farming to sink nearly 40 percent, data showed Thursday.Farmers spent 31,631 w
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Foreigners swoop to Korean bonds after SVB collapse

SEOUL, March 30 (Yonhap) -- Foreign investors have been rushing to buy South Korean bonds on expectations of global monetary easing since the recent collapse of Silicon Valley Bank (SVB) in the United States, industry sources said Thursday.Foreigners
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Exports of instant noodles hit record high in 2022

SEOUL, March 30 (Yonhap) -- South Korea's exports of instant noodles reached an all-time high in 2022, boosted by the global popularity of Korean food and culture, data showed Thursday.The country exported US$862 million worth of noodles, includi
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S. Korea, Japan begin talks on corporate exchanges, trade in earnest after summit

SEOUL, March 30 (Yonhap) -- Some 100 government and corporate officials from South Korea and Japan held a meeting Thursday on trade and new industry cooperation, the first major meeting after the two sides vowed to improve diplomatic and economic tie
3 companies to recall over 12,000 vehicles over faulty parts

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SEOUL, March 30 (Yonhap) -- Hyundai Motor Co., BMW Korea and Ford Sales & Service Korea will voluntarily recall over 12,000 vehicles to fix faulty components, the transport ministry said Thursday.The three companies are recalling a combined 12,461 un
Hanchang to raise 9 bln won via stock sale

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SEOUL, March 29 (Yonhap) -- Hanchang Corp.on Wednesday announced that it will sell stock to raise 9 billion won (US$6.9 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing,
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Celltrion chairman vows to help his company become world-leading biosimilar maker by 2030

SEOUL, March 29 (Yonhap) -- Seo Jung-jin, the founder and chairman of South Korean biopharmaceutical firm Celltrion Inc., said Wednesday that he will strive to help his company become a leading biosimilar maker globally by 2030.At the shareholders me
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(LEAD) S. Korea to allow online permit-free entry for tourists from 22 nations to spur spending

(ATTN: ADDS more details, Yoon's comments throughout)SEOUL, March 29 (Yonhap) -- South Korea will temporarily exempt people from 22 visa-waiver nations, including the United States, Japan and Taiwan, from mandatory online travel permits and trans
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S. Korea to suspend operation of Gori-2 reactor for permission renewal

SEOUL, March 29 (Yonhap) -- South Korea will temporarily suspend the Gori-2 nuclear reactor starting next month for safety inspections and improvements that are required before the facility can resume operations, the industry ministry said Wednesday.
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Card spending up in 2022 amid eased virus curbs

SEOUL, March 29 (Yonhap) -- The amount of daily payments made with cards in South Korea grew about 13 percent last year as eased coronavirus-related restrictions boosted consumption, central bank data showed Wednesday.Spending made with credit, debit
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HD Korea Shipbuilding bags 674.9 bln-won order for two LNG carriers

SEOUL, March 29 (Yonhap) -- South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Wednesday it has won a 674.9 billion-won (US$519 million) order to build two liquefied natural gas (LNG) carriers for an Oceanian shipper.Hyundai
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S. Korea to allow online permit-free entry for tourists from 22 nations to spur spending

SEOUL, March 29 (Yonhap) -- South Korea will temporarily exempt people from 22 visa-waiver nations, including the United States, Japan and Taiwan, from mandatory online travel permits and transit visa requirements as part of efforts to attract more f
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Yoon calls for boosting domestic consumption

By Lee Haye-ahSEOUL, March 29 (Yonhap) -- President Yoon Suk Yeol instructed the government Wednesday to draw up measures to boost domestic consumption to help revive the economy.Yoon made the remark while presiding over a regular meeting on economic
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POSCO International enters bioplastic recycling biz

SEOUL, March 29 (Yonhap) -- POSCO International Corp. said Wednesday it has signed a memorandum of understanding (MOU) with two bioplastic companies to enter the biodegradable plastic recycling sector as part of its bid to expand its green portfolio.
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(LEAD) Inflation expectations inch down for March despite worries over utility bills

(ATTN: ADDS BOK official's comments, photo)SEOUL, March 29 (Yonhap) -- South Korea's inflation expectations inched down for March despite worries over rising public utility bills, a central bank survey showed Wednesday.Ordinary people expecte
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(LEAD) Kia unveils EV9 SUV ahead of launch in S. Korea in Q2

(ATTN: ADDS 2nd photo, details in paras 4-5, 15)SEOUL, March 29 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker by sales, on Wednesday unveiled the all-electric EV9 flagship SUV ahead of its domestic launch in the second quarter. The
(EDITORIAL from Korea JoongAng Daily on March 29)

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Rhetoric cannot resolve our population crisisThe measures presented by the Ministry of Health and Welfare on Tuesday include eased requirements for housing loans for newly married couples. The ministry wants to provide the loans at the interest rate